Which one of the following is a transfer payment?

CA Foundation · Business Economics · MTP · September 2026
Which one of the following is a transfer payment?
(A) A. Interest on loan
(B) B. Rent received
(C) C. Pension
(D) D. Salary

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Pension

Topics: Determination of National Income

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